Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against KuCoin+0.071%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.071% dearer against KuCoin than usual: you sell high and buy low (spread +0.071% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 2.5 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin TAOUSDTM	320.29	0.0100	pay 0.0050% / 4h	2h 10m	$17.7M	$31.5M	75x
Short	gTrade (Gains Network) TAO/USD	320.52	L +0.0004% / S −0.0004%	get 0.0001% / 1h	10m 30s	$21K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against KuCoin. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee KuCoinbpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.071%Rate

Funding earned: −$20.15
Price spread: +0.071% → 0.000%: $7.15
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$35
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 3 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy KuCoin live order book, 3 min ago	1.25 bp	17.7 bp −$18	27.4 bp −$274	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

TAO on 43 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bulk TAO-USD	−0.1195%	1h	319.01	−0.399%	$169K	$333	10x	as long as short
gTrade (Gains Network) TAO/USDshort	L +0.0004% / S −0.0004%	1h	320.52	+0.071%	$21K	—	150x
dYdX TAO-USD	+0.0031%	1h	319.43	−0.269%	$127K	$85K	5x	as long as short
OKX TAO-USDT-SWAP	+0.0100%	8h	320.90	+0.190%	$26.7M	$126.4M	50x	as long as short
Gate TAO_USDT	+0.0100%	4h	320.30	+0.003%	$14.3M	$51.7M	50x	as long as short
KuCoin TAOUSDTMlong	+0.0100%	4h	320.29	long leg	$17.7M	$31.5M	75x
Bitget TAOUSDT	+0.0100%	4h	320.20	−0.028%	$36.1M	$57.3M	50x	as long as short
Polymarket Perps TAO-USD	+0.0100%	1h	320.35	+0.019%	$92K	$920K	5x	as long as short
SunX TAO-USDT	+0.0100%	4h	319.07	−0.381%	$2K	$1.9M	20x	as long as short
HTX TAO-USDT	+0.0100%	4h	318.74	−0.484%	$116K	$565K	20x	as long as short

Show all 43 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Phemex TAOUSDT	+0.0100%	4h	319.30	−0.309%	$3.2M	$8.1M	50x	as long as short
Aevo TAO-PERP	+0.0104%	1h	319.72	−0.179%	$176K	$998	3x	as long as short
edgeX TAOUSDC	+0.0104%	4h	319.21	−0.336%	$42K	$314K	10x	as long as short
MEXC TAO_USDT	+0.0108%	4h	320.55	+0.081%	$102.1M	$148.2M	300x	as long as short
Binance TAOUSDT	+0.0110%	4h	320.87	+0.181%	$92.0M	$514.4M	75x	as long as short
Katana Perps TAO-USD	+0.0110%	8h	319.72	−0.178%	$3K	$946K	5x	as long as short
Orderly PERP_TAO_USDC	+0.0118%	4h	320.99	+0.219%	$53K	$291K	10x	as long as short
Popdex TAOUSDT	+0.0120%	1h	319.98	−0.097%	$54K	$671K	20x	as long as short
GMX TAO/USD [WBTC.b-USDC]	L +0.0126% / S +0.0141%	1h	320.49	+0.063%	$431K	—	100x	as long as short
Pacifica TAO	+0.0233%	1h	319.82	−0.146%	$365K	$420K	10x	as long as short
Aster TAOUSDT	+0.0272%	4h	320.64	+0.110%	$1.3M	$10.8M	50x	as long as short
Paradex TAO-USD-PERP	+0.0278%	8h	319.80	−0.154%	$15K	$1K	10x	as long as short
Nado TAO-PERP	+0.0294%	1h	320.42	+0.041%	$811K	$2.2M	10x	as long as short
Kraken Futures PF_TAOUSD	+0.0298%	1h	319.56	−0.228%	$6.0M	$21.5M	50x	as long as short
Bullet TAO-USD	+0.0319%	1h	320.95	+0.206%	$12K	$17K	20x	as long as short
BloFin TAO-USDT	+0.0350%	4h	319.59	−0.219%	$3.7M	$11.0M	100x	as long as short
BingX TAO-USDT	+0.0388%	4h	320.78	+0.153%	—	$33.8M	—	as long as short
Bybit TAOUSDT	+0.0401%	4h	321.01	+0.225%	$70.4M	$153.7M	50x	as long as short
GRVT TAO_USDT_Perp	+0.0436%	4h	318.55	−0.543%	$545K	$935K	10x	as long as short
Arcus TAO-USD	+0.0483%	1h	320.13	−0.050%	$110K	$351K	5x	as long as short
Variational Omni TAO	+0.0485%	4h	319.46	−0.259%	$5.6M	$10.1M	—	as long as short
Extended TAO-USD	+0.0496%	1h	319.61	−0.211%	$906K	$2.4M	25x	as long as short
ApeX Omni TAOUSDT	+0.0508%	1h	319.61	−0.212%	$47K	$256K	50x	as long as short
Phoenix TAO	+0.0513%	1h	318.90	−0.434%	$317K	$713K	5x	as long as short
Deribit TAO_USDC-PERPETUAL	+0.0528%	1h	319.42	−0.273%	$15K	$1.8M	25x	as long as short
Reya TAORUSDPERP	+0.0697%	1h	320.36	+0.023%	$368	—	20x	as long as short
01 Exchange TAOUSD	+0.0792%	1h	320.40	+0.034%	$3K	$4K	5x	as long as short
Lighter TAO	+0.0792%	1h	320.01	−0.088%	$1.5M	$6.6M	5x	as long as short
Hyperliquid TAO	+0.0808%	1h	320.70	+0.128%	$94.3M	$109.7M	5x	as long as short
Backpack TAO_USDC_PERP	+0.0832%	1h	319.54	−0.234%	$317K	$890K	10x	as long as short
Coinbase International TAO-PERP-INTX	+0.0928%	1h	320.14	−0.047%	$1.5M	$6.8M	50x	as long as short
RISEx TAO/USDC	+0.0948%	1h	319.90	−0.120%	$461K	$649K	5x	as long as short
Injective TAO/USDC PERP	+0.3711%	1h	322.94	+0.827%	$23K	$2K	12x	as long as short